PRO Real Estate Investment Trust (CVE:PRV.UN) Shares Up 0.4%

Shares of PRO Real Estate Investment Trust (CVE:PRV.UN) shot up 0.4% during mid-day trading on Tuesday . The stock traded as high as C$2.30 and last traded at C$2.30. 80,531 shares were traded during trading, a decline of 22% from the average session volume of 103,855 shares. The stock had previously closed at C$2.29.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. National Bankshares cut their price target on PRO Real Estate Investment Trust from C$6.00 to C$5.50 in a research note on Tuesday, July 18th. Raymond James reduced their target price on shares of PRO Real Estate Investment Trust from C$6.75 to C$6.25 and set a “market perform” rating for the company in a research note on Thursday, June 1st. Finally, TD Securities cut shares of PRO Real Estate Investment Trust from a “buy” rating to a “hold” rating and dropped their price target for the company from C$6.00 to C$5.50 in a research note on Tuesday, August 15th.

PRO Real Estate Investment Trust Stock Performance

The firm’s 50-day simple moving average is C$2.30 and its 200-day simple moving average is C$2.30.

About PRO Real Estate Investment Trust

PROREIT is an unincorporated open-ended real estate investment trust owning a diversified portfolio of 84 commercial properties across Canada representing over 3.7 million square feet of gross leasable area. Established in 2013, PROREIT is mainly focused on strong secondary markets in Quebec, Atlantic Canada and Ontario, with selective exposure in Western Canada.